Your exchange your rules.. but it strikes me that you're making a gift for whatever competitors come along and setup an exchange that feels more 'business-like'.

GLBSE is just a platform, with the exception of cheating people we take no position on whats traded.

The issuer is upfront on exactly what this is, a Ponzi scheme, if people decide to buy it then they are gambling, and the risk as a result is theirs.

Nefario.

Yeah I got that already.. your reply is just the tl;dr version of your terms and conditions.

The point of my post was about whether you had any concerns about the types of assets you admit affecting the perception of your business, and likely (IMO) effects on growth.

I think you'll do well from the die-hard libertarian quarter - not so much from the general investor/business community.Your chosen position is entirely consistent with commonly perceived ideals of deregulation and decentralization in the bitcoin community.

It worries me that operations such as yours will deter many from the general uptake of bitcoin - not just your own business.

If it worries a guy like me - it'll positively send some others packing. Hopefully I'm wrong however and the majority of the world will jump into this wild west with open wallets and reckless abandon!

Your exchange your rules.. but it strikes me that you're making a gift for whatever competitors come along and setup an exchange that feels more 'business-like'.

GLBSE is just a platform, with the exception of cheating people we take no position on whats traded.

The issuer is upfront on exactly what this is, a Ponzi scheme, if people decide to buy it then they are gambling, and the risk as a result is theirs.

Nefario.

Yeah I got that already.. your reply is just the tl;dr version of your terms and conditions.

The point of my post was about whether you had any concerns about the types of assets you admit affecting the perception of your business, and likely (IMO) effects on growth.

I think you'll do well from the die-hard libertarian quarter - not so much from the general investor/business community.Your chosen position is entirely consistent with commonly perceived ideals of deregulation and decentralization in the bitcoin community.

It worries me that operations such as yours will deter many from the general uptake of bitcoin - not just your own business.

If it worries a guy like me - it'll positively send some others packing. Hopefully I'm wrong however and the majority of the world will jump into this wild west with open wallets and reckless abandon!

What I would recommend you do is begin a rating service that investigates each asset on GLBSE and gives it a safety rating. This is something thats needed and allows regular investors to choose more wisely.

What I would recommend you do is begin a rating service that investigates each asset on GLBSE and gives it a safety rating. This is something thats needed and allows regular investors to choose more wisely.

Spoken like a true laissez faire economist!

Despite my protestations above - I do have some respect for this approach. It's the pragmatist in me that thinks - without such a system in place already - the damage is being done.

I hope if/when some 3rd parties offer rating services - you are able to integrate their ratings directly into your interfaces.

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